Diluted GAAP earnings per share (“EPS”) of $0.24, adjusted EPS1 of $0.47 Annualized return on average common equity (“ROCE”) of 7.7%, adjusted1 ROCE of 12.8% Direct premiums written of $532.5 million, up 12.4% from the prior year quarter Repurchased 282,552 shares for $3.5 million. Total capital returned to shareholders of $8.5 million, including $0.16 per …
Continue reading “Universal Reports Second Quarter 2022 Results”
Fort Lauderdale, Fla., July 25, 2022 – Universal Insurance Holdings, Inc. (NYSE: UVE) (“Universal” or the “Company”), announced today that Elizabeth Hansen has been appointed Chief Actuary. Ms. Hansen was previously Senior Vice President of Blue Atlantic Reinsurance Corporation, a wholly owned subsidiary of Universal. In her new role, Ms. Hansen will oversee pricing, reserving …
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Fort Lauderdale, Fla., July 19, 2022 – Universal Insurance Holdings, Inc. (NYSE: UVE) (“Universal” or the “Company”) announced today that its Board of Directors declared a quarterly cash dividend of 16 cents per share of common stock, payable on August 9, 2022, to shareholders of record as of the close of business on August 2, …
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Fort Lauderdale, Fla., July 13, 2022 – Universal Insurance Holdings, Inc. (NYSE: UVE) (“Universal” or the “Company”) will issue a press release reporting its second quarter 2022 results after the market closes on Wednesday, July 27, 2022. The company will host a conference call on Thursday, July 28, 2022, at 10:00 a.m. ET to discuss …
Successfully secured more open market catastrophe capacity across all treaties and multiple events than at any point in the history of the Company. The largest private reinsurance participants all maintain a rating from S&P Global of A+ or higher (Nephila Capital, RenaissanceRe, Munich Re, Chubb Tempest Re, Everest Re and Lloyd’s of London syndicates). There …
Continue reading “Universal’s Insurance Subsidiaries Complete 2022-2023 Reinsurance Programs”
Diluted GAAP earnings per share (“EPS”) of $0.56, non-GAAP adjusted EPS1 of $0.64 Annualized return on average equity (“ROE”) of 16.9% Direct premiums written of $396.5 million, up 8.5% from the prior year quarter Direct premiums earned up 10.4% from the prior year quarter Net combined ratio of 97.9%, up 4.8 points from the prior …
Continue reading “Universal Reports First Quarter 2022 Results”
Fort Lauderdale, Fla., April 20, 2022 – Universal Insurance Holdings, Inc. (NYSE: UVE) (“Universal” or the “Company”) announced today that its Board of Directors declared a quarterly cash dividend of 16 cents per share of common stock, payable on May 20, 2022, to shareholders of record as of the close of business on May 13, …
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Fort Lauderdale, Fla., April 12, 2022 – Universal Insurance Holdings, Inc. (NYSE: UVE) (“Universal” or the “Company”) will issue a press release reporting its first quarter 2022 results after the close of trading on the NYSE on Thursday, April 28, 2022. The company will host a conference call on Friday, April 29, 2022, at 10:00 …
Arash Soleimani appointed to Chief Strategy Officer Rob Luther promoted to Chief Investment Officer Gary Ropiecki promoted to Principal Accounting Officer Fort Lauderdale, Fla., March, 14, 2022 – Universal Insurance Holdings (NYSE: UVE) (“Universal” or the “Company”) announced today the appointment of Arash Soleimani as Chief Strategy Officer and promoted Rob Luther and Gary …
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4Q21 direct premiums earned up 11.5%; FY21 up 14.4% driven by primary rate increases 4Q21 diluted GAAP earnings per share (EPS) of $(1.54), non-GAAP adjusted EPS1 of $(1.53) predominantly driven by inflationary trends FY21 diluted GAAP EPS of $0.65, non-GAAP adjusted EPS1 of $0.61 Clovered.com, our digital agency subsidiary surpassed $40 million in placed premiums …
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